Building Insurance
See Contents. Pertains to the building you own or are required by contract or lease to provide insurance for.
Business Interruption Insurance
In the event that your income is affected by a covered loss, BI compensates you for your lost income up to the limits of your policy or until you can resume normal business.
Commercial Auto Insurance
Covers both liability and if required comprehensive and collision coverage for vehicles YOU own.
Commercial General Liability
This is a broad, commercial policy that covers all liability exposures of a business that are not specifically excluded. Coverage includes product liability, completed operations, premises and independent contractors.
Commercial Multiple Peril Policy
This is a package policy that includes property, boiler & machinery, crime and general liability coverages.
Contents Insurance
Coverage for your business personal property against many risks of loss generally including: fire, vehicle damage, windstorm and theft to name a few.
Crime Insurance
Term referring to property coverage for the perils of burglary, theft and robbery.
Earthquake Insurance
Covers a building and its contents, but includes a large percentage deductible, is not available in all states and cannot be purchased immediately following an earthquake.
Environmental Insurance
This coverage is in case of spillage or leaks. Storage tank coverage is separate. See Underground Storage and Pollution Insurance.
Excess & Surplus Lines
This is property/casualty coverage that is not available from insurers licensed by the state and must be purchased through an agent or broker from a nonadmitted carrier.
Fraud
Intential lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid.
Garage Keepers Legal Liability
This is not Garage Liability. This coverage insures the value of customer cars left at your place of business for repair.
Garage Liability Insurance
This is protection for you and any additional insureds you designate from third-party liability – includes liability from trips and falls as well as accidents while test driving customers’ cars.
Glass Insurance
Coverage for glass breakage caused by all covered risks. (fire and war are usually
excluded). Available with and/or without a deductible.
Inland Marine Insurance
This broad coverage was developed for shipments that do not involve ocean transport. Covers articles in transit by all forms of land and air transportation as well as bridges, tunnels and other means of transportation and communication.
Liability Insurance
Depending on your state and required permits, you will need employee’s and public liability insurance to properly protect your investment.
Package Policy
A single insurance policy that combines several coverages previously sold separately.
Pollution Insurance
Policies that cover property loss and liability arising from pollution related damages for sites that have been inspected and found uncontaminated.
Property/Casualty Insurance
Covers damage to or loss of policyholders’ property and legal liability for damages caused to other people or their property.
Umbrella Insurance
This can supplement your current coverage by increasing the underlying limit to your
current liability policy.
Underground Storage and Pollution Insurance
Depending on your specific requirements, policies vary to provide coverage.
Workers’ Compensation
Required by law to cover any on the job employee accidents and designed to pay for medical care and physical rehabilitation. It helps to replace lost wages while the
injured is unable to work. State laws vary significantly and govern the amount of
benefits paid and other compensation provisions. Owners are exempt. |
